Bendigo, BHP, National Bank, Woodside: Australia Stock Preview

The following is a list of companies whose shares may have unusual moves in Australia. The preview includes news announced after markets closed. All prices are from yesterday’s close unless otherwise stated.

The S&P/ASX 200 Index futures contract due in September slipped 3.9 percent to 3,800 as of 6:59 a.m. in Sydney. The Bank of New York Australia ADR Index lost 8.7 percent. The S&P/ASX 200 Index declined 2.9 percent to 3,986.10.

Mining companies: Copper futures for September delivery slid 3.8 percent on the Comex in New York.

BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, fell 4 percent to A$36.60. Its American depositary receipts plunged 9.2 percent in New York trading.

Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, slid 4.7 percent to A$68.63 in Sydney.

Oil stocks: Oil for September delivery slumped 6.4 percent on the New York Mercantile Exchange.

Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, slipped 2.1 percent to A$33.81. Santos Ltd. (STO) , Australia’s third-largest oil and gas producer, declined 1.9 percent to A$11.30.

Gold producers: Gold futures for December delivery rose 3.7 percent on the Comex in New York.

Newcrest Mining Ltd. (NCM) , Australia’s biggest gold producer, fell 1 percent to A$38.82.

Bendigo and Adelaide Bank Ltd. (BEN) : The regional lender was raised to “outperform” from “neutral” at Credit Suisse Group AG. The stock dropped 1.5 percent to A$7.95.

Centro Properties Group (CNP) : Centro’s lenders and associated companies may have agreed on commercial terms for a proposal to wrap the remaining Australian assets into a new trust, the Australian reported, without saying where it got its information. Centro shares fell 4.1 percent to 4.7 Australian cents when they last traded on Aug. 5.

Commonwealth Bank of Australia (CBA) : The lender cut its fixed-rate home loans by as much as 60 basis points. Fixed rates for one-to-five year loans will range from 6.59 percent to 6.99 percent, the bank said in an e-mailed statement today. The shares fell 1.4 percent to A$45.62.

Dexus Property Group (DXS) : The property company was raised to “hold” from “sell” at Deutsche Bank AG. Its shares sank 3.1 percent to 77.5 Australian cents.

Linc Energy Ltd. (LNC) : The Australian company that converts coal into liquid fuels aims to complete the sale of the Teresa coal project in Queensland state within the next 90 days, Chief Executive Officer Peter Bond said in a phone interview. The company may sell two other assets after the Teresa sale, he said. Linc Energy fell 4.8 percent to A$2.

National Australia Bank Ltd. (NAB) : The country’s biggest business lender said fiscal third-quarter profit rose 27 percent as it extended its share of the mortgage market. Its shares slumped 4 percent to A$20.90.

To contact the reporter on this story: Shani Raja in Sydney at sraja4@bloomberg.net.

To contact the editors responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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